Most financial statement risks start outside accounting. But you find the result of not recognizing the risk in financial deterioration. I you wait until the result of the risk is in the financial statements, it's too late. NEW risks. SIMPLE solutions.

Most financial statement risks start outside accounting. But you find the result of not recognizing the risk in financial deterioration. I you wait until the result of the risk is in the financial statements, it's too late. NEW risks. SIMPLE solutions.

Objectives:

At the end of this presentation you will have simple techniques to stay on top of new risks that can take down any organization.

Major Subjects:

Recognizing and analyzing financial reporting risk is not a checklist. It's a skill you can learn. Using examples of real risks in real industries, you will be able to analyze risks for your entity or clients. The illegal funds you almost certainly have on your financial statements The requirement that auditors know laws and regulations affecting the engagement Two industries disruptive technologies put at risk Three industries competitive techniques put at risk The forthcoming accounting standard that puts many entities at risk of defaults New government oversight body that affect small and mid-size companies Defective compensation systems that cause employees to break the law Defective deals between small government entities and private companies New rules....First ever executives convicted in the food industry How increased rewards for public company whistleblowers put private companies at risk